Tinubu to Confer with Power Generators Regarding N4tn Debt in Electricity Sector

Tinubu to Confer with Power Generators Regarding N4tn Debt in Electricity Sector President Bola Tinubu is scheduled to meet with power generation companies to discuss the N4 trillion debt that poses a threat to Nigeria's electricity supply.

This initiative comes in response to warnings from the power generators about a potential collapse of the sector, which includes N2 trillion owed for the year 2024 and N1.9 trillion in outstanding legacy debts. Power Minister Adebayo Adelabu stated that the government intends to address part of the debt with cash payments and settle the remainder through promissory notes within six months. Adelabu characterized the situation as a national emergency, highlighting the need for reforms, tariffs that reflect actual costs, and the liberalization of the sector to secure long-term stability.
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